COMMITTEE ON LEGISLATIVE RESEARCH
OVERSIGHT DIVISION
FISCAL NOTE
L.R. No.: 0547-01
Bill No.: SB 76
Subject: Transportation; Taxation and Revenue-Sales and Use; Kansas City
Type: Original
Date: January 4, 2001
FISCAL SUMMARY
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| General Revenue | $138,370 | $278,760 | $140,895 |
| Total Estimated
Net Effect on All State Funds |
$138,370 | $278,760 | $140,895 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Total Estimated
Net Effect on All Federal Funds |
$0 | $0 | $0 |
| FUND AFFECTED | FY 2002 | FY 2003 | FY 2004 |
| Local Government | $13,698,630 | $27,597,240 | $13,948,605 |
Numbers within parentheses: ( ) indicate costs or losses.
This fiscal note contains 3 pages.
ASSUMPTION
In response to similar legislation officials of the Department of Revenue (DOR) state this proposal would not fiscally impact their agency.
Officials of the Kansas City Area Transportation Authority state the extension of the Kansas City Transportation Sales Tax, based on current collections, would generate approximately $27.4 million in revenues for FY2002, $27.6 million for FY2003 and $27.9 million for FY2004. This estimate assumes a 1% growth rate.
This proposal would result in an increase in Total State Revenues since Collection Fees are included in the General Revenue Fund and general revenues are included in the calculation of Total State Revenue.
| FISCAL IMPACT - State Government | FY 2002
(6 Mo.) |
FY 2003 | FY 2004
(6 Mo.) |
| Income to General Revenue Fund
1% Collection Fee |
$138,370 |
$278,760 |
$140,895 |
| ESTIMATED NET EFFECT TO
GENERAL REVENUE FUND |
$138,370 |
$278,760 |
$140,895 |
| FISCAL IMPACT - Local Government | FY 2002
(6 Mo.) |
FY 2003 | FY 2004
(6 Mo.) |
| Income to Kansas City Area
Transportation Authority 1/2% Sales Tax |
$13,698,630 |
$27,597,240 |
$13,948,605 |
| ESTIMATED NET EFFECT TO
LOCAL GOVERNMENT |
$13,698,630 |
$27,597,240 |
$13,948,605 |
FISCAL IMPACT - Small Business
Small businesses would be expected to be fiscally impacted to the extent that they pay local sales tax on taxable items. The extension of the Kansas City transportation sales tax would cause small businesses to continue to pay the local rate for such taxable items.
DESCRIPTION
This act extends the portion of public mass transportation sales tax exceeding 7 ½ percent from
December 31, 2001 to December 31, 2003.
This legislation is not federally mandated, would not duplicate any other program and would not require additional capital improvements or rental space.
SOURCES OF INFORMATION
Department of Revenue
Kansas City Area Transportation Authority
Jeanne Jarrett, CPA
Director
January 4, 2001